Now that we are in a new month and the summer vacation season has started, it is time to take a peek at how the U.S. dollar is faring against the Japanese yen. This, of course, is of major interest to Americans traveling to Japan.
According to MSN:
SINGAPORE (Reuters) -The U.S. dollar weakened on Tuesday, falling the most against the Japanese yen and the Swiss franc, as President Donald Trump's massive tax-cut and spending bill stoked fiscal worries and uncertainty around trade deals weighed on sentiment.
Investors have also started wagering on a quicker pace of monetary policy easing by the Federal Reserve this year ahead of a slew of U.S. economic data this week, headlined by Thursday's nonfarm payrolls report.
That spurred dollar-selling, which slipped 0.33% to a new 10-year low and fetched 0.790 Swiss francs, while the greenback dropped 0.64% to 143.08 Japanese yen. The yen capped the first half of the year with a 9% gain - its strongest performance since 2016.
To read more, go here.
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